Head of Regulatory Affairs, UAE (UAE National)

at  HSBC

Job description

SOME CAREERS HAVE MORE IMPACT THAN OTHERS.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
As part of the Global Risk and Compliance function, Regulatory Compliance facilitates adherence to applicable regulations and standards by setting the policies which cover HSBC’s regulatory requirements and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies. They also assist to manage and maintain positive and constructive regulatory relationships in an open, cooperative and timely manner.
We are currently seeking an ambitious individual to join our Regulatory Compliance team, working together with colleagues and stakeholders to manage the regulatory requirements and relationship with regulators.

EXPERIENCE & QUALIFICATIONS:

• Bachelor’s degree in business administration, Finance or a related field, or a legal or accounting professional qualification.
• At least 5 years’ experience in a Regulatory Compliance role managing regulatory developments and engagement with regulators and/or at least 5 years’ experience with a UAE regulator.
• Significant experience of working with a wide range of stakeholders, including senior management in the financial services industry.
• Strong analytical skills.
• Ability to work in a fast-moving, high-pressure environment.
• Strong and clear communication skills both in written and oral English and Arabic language.
• Significant operational and people management experience.
• Continuous improvement and change management experience.
• Outstanding leadership skills and commercial acumen.
• Excellent time and project management skills, including the ability to handle multiple outputs simultaneously.

ROLE OVERVIEW:

The Regulatory Compliance (RC) function is a Second line of defense (2nd LoD) function, responsible for reviewing and challenging the activities of the Group’s businesses and functions (also referred to as “the 1st LOD”) to ensure that they effectively manage as “Risk Owners” the risks inherent in or arising from the conduct of their activities and for which they are responsible. The 2nd LOD consists of ‘Risk Stewards’ who are independent of the commercial risk-taking activities undertaken by the First LOD.
The RC function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group’s Enterprise Risk Management Framework (ERMF).
Regulatory Affairs is a sub-function of RC and is focused on providing an enterprise-wide service to other risk areas of the bank. Regulatory Affairs roles aim to ensure that there are “no surprises” in relation to dealings with regulators or regulatory developments affecting the Bank.

The Head of Regulatory Affairs UAE position will be reporting to the HBME UAE Chief Compliance Officer, accountable to the MENAT Head of Regional Regulatory Affairs and a senior member of the Regulatory Compliance Capabilities, Engagement and Framework team. The role is a key risk management role that has a broad remit and responsibilities, which include and are not limited to:

• Regulatory Engagement: delivering proactive and more consistent management and oversight of regulatory relationships in the UAE.
• Regulatory Development: identification, dissemination and oversight of upcoming and in train material regulatory developments, supporting the UAE to address regulatory change.

THE ROLE HOLDER IS EXPECTED TO HAVE A DEEP UNDERSTANDING OF:

• Regulators and their agenda / approach.
• Regulation as applicable to a global systemically important financial institution.
• Design and coordination of processes; and
• Stakeholder management.
  For further details and application information please visit our careers site, searching under reference number.
  We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.
  HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
  Issued by The Hong Kong and Shanghai Banking Corporation Limited.